Sunday, January 11, 2009

a. What are the retirement benefits to KVS employees who are covered under Pension Scheme ? An employee of KVS who joined service 1.1.1986 and opted for Pension Scheme or an employee who joined services after 1.1.1986 and before 1.1.2004 is entitled to the following benefits on his/her retirement from Service :-
1.Death Cum Retirement Gratuity
2.Pension plus Dearness relief on Pension
3.Commutation of Pension
4.Leave Encashment
5.Group Insurance Savings Fund
6.Final Payment of GPF
7.T.A. to Station of settlement.

c.What amount of leave encashment is to be paid on retirement / death?
An employee on the day of retirement/death is entitled to receive a
lump sum payment on account of leave encashment for the unutilized period of E.L.
at the credit on the date of retirement/death subject to a maximum of 300 days Earned Leave.

d.Whether DCRG & Commutation of pension can be released if disciplinary case is
contemplated or pending against the employee at the time of retirement?
In case Departmental proceedings under Rules 14 of CCS (CCA) Rules is pending
against an employee only Provisional Pension is payable.. No other benefits such as
DCRG & Commutation of Pension will be sanctioned until the completion of disciplinary proceedings.

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